MILES HOLDINGS LIMITED


Director	MILES, Stephen Ronald


Registered Address	7 Darley Court
	Plawsworth
	Chester Le Street
	DH2 3LQ


Registered Number	11392872 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		546,887		544,500
Tangible assets	4		537		272
			547,424		544,772
Current assets
Debtors	5	-		4,000
Cash at bank and on hand		2,993		1,341
		2,993		5,341
Creditors amounts falling due within one year	7	(431,341)		(429,796)
Net current assets (liabilities)			(428,348)		(424,455)
Total assets less current liabilities			119,076		120,317
Creditors amounts falling due after one year	8		(699)		-
Net assets			118,377		120,317
Capital and reserves
Called up share capital			100		100
Profit and loss account			118,277		120,217
Shareholders' funds			118,377		120,317

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 24 December 2025, and are signed on its behalf by:

MILES, Stephen Ronald
Director
Registered Company No. 11392872

MILES HOLDINGS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	4
	Fixtures and fittings	4
	Office Equipment	4

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	550,000	550,000
Additions	14,561	14,561
At 31 March 25	564,561	564,561
Amortisation and impairment
At 01 April 24	5,500	5,500
Charge for year	12,174	12,174
At 31 March 25	17,674	17,674
Net book value
At 31 March 25	546,887	546,887
At 31 March 24	544,500	544,500

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 24	542	542
Additions	520	520
At 31 March 25	1,062	1,062
Depreciation and impairment
At 01 April 24	270	270
Charge for year	255	255
At 31 March 25	525	525
Net book value
At 31 March 25	537	537
At 31 March 24	272	272

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	4,000
Total	-	4,000

6.	Current asset investments

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	73
Bank borrowings and overdrafts	6,249	11,690
Amounts owed to related parties	351,487	345,125
Taxation and social security	839	5,444
Finance lease and HP contracts	7,167	-
Other creditors	65,000	66,900
Accrued liabilities and deferred income	599	564
Total	431,341	429,796

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	699	-
Total	699	-

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	7,866		-

10.	Provisions for liabilities
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably

11.	Off-balance sheet arrangements
	The company has a 90% owned subsidiary (100% owned subsidiary as of 27 October 2025), Express Traffic Management Ltd, which has an invoicing finance facility with Igf Business Credit Limited and the facility is secured against an all assets guarantee & debenture given by the company and comprising fixed and floating charges over the whole or substantially the whole of the business, assets and undertaking. This all assets guarantee & debenture is also given by Miles Holdings Ltd as the ultimate controlling interest in Express Traffic Management Ltd.

11.

Off-balance sheet arrangements

The company has a 90% owned subsidiary (100% owned subsidiary as of 27 October 2025), Express Traffic Management Ltd, which has an invoicing finance facility with Igf Business Credit Limited and the facility is secured against an all assets guarantee & debenture given by the company and comprising fixed and floating charges over the whole or substantially the whole of the business, assets and undertaking. This all assets guarantee & debenture is also given by Miles Holdings Ltd as the ultimate controlling interest in Express Traffic Management Ltd.

12.	Related party transactions
	The company continued to have a loan balance of £175,000 from Express Traffic Management Ltd. Express Traffic Management Ltd is a 90% owned subsidiary of Miles Holdings Ltd (100% owned subsidiary as of 27 October 2025). At the end of the period the company owed the director Stephen Miles a total of £175,437.